Mister Car Wash, Inc. (NYSE:MCW) Receives Average Recommendation of “Hold” from Analysts

Shares of Mister Car Wash, Inc. (NYSE:MCW) have been assigned an average rating of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $7.1042.

Several equities research analysts recently commented on MCW shares. Wells Fargo & Company downgraded shares of Mister Car Wash from an “overweight” rating to an “equal weight” rating and set a $7.00 target price on the stock. in a research report on Wednesday, February 18th. Guggenheim cut shares of Mister Car Wash from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 18th. UBS Group raised their price target on shares of Mister Car Wash from $6.25 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Morgan Stanley set a $7.00 price target on shares of Mister Car Wash in a report on Thursday, February 19th. Finally, Mizuho reissued a “neutral” rating and issued a $7.00 price objective (down from $8.00) on shares of Mister Car Wash in a research note on Wednesday, February 18th.

Institutional Investors Weigh In On Mister Car Wash

Institutional investors have recently made changes to their positions in the stock. Quarry LP raised its position in shares of Mister Car Wash by 65.7% during the third quarter. Quarry LP now owns 7,604 shares of the company’s stock worth $41,000 after acquiring an additional 3,016 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Mister Car Wash by 75.5% in the second quarter. EverSource Wealth Advisors LLC now owns 7,038 shares of the company’s stock valued at $42,000 after buying an additional 3,027 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Mister Car Wash by 18,260.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,262 shares of the company’s stock valued at $44,000 after purchasing an additional 8,217 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Mister Car Wash by 1,104.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,217 shares of the company’s stock worth $46,000 after buying an additional 7,535 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new position in Mister Car Wash during the fourth quarter worth $56,000.

Mister Car Wash Stock Performance

Shares of MCW stock opened at $6.96 on Friday. The business’s 50-day moving average price is $6.29 and its 200-day moving average price is $5.67. Mister Car Wash has a 12 month low of $4.61 and a 12 month high of $8.60. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 1.65 and a beta of 1.41. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The company had revenue of $261.24 million for the quarter, compared to analysts’ expectations of $262.35 million. During the same period in the previous year, the business posted $0.09 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that Mister Car Wash will post 0.33 EPS for the current year.

About Mister Car Wash

Mister Car Wash, traded on the NYSE under the ticker MCW, is a leading provider of vehicle cleaning services in the United States. The company specializes in a tiered range of wash offerings, including express exterior washes, full-service interior and exterior cleaning, and premium detailing services. In addition to one-time washes, Mister Car Wash markets unlimited monthly membership plans that grant customers access to recurring washes at participating locations.

Founded in 1969 and headquartered in Houston, Texas, Mister Car Wash has grown from a single facility to one of the largest car wash chains in the country.